Empresas CMPC S.A. Announces Earnings Results for the First Quarter Ended March 31, 2016
May 16, 2016
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Empresas CMPC S.A. announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales was USD 1,159 million against USD 1,161 million a year ago. EBITDA was USD 261 million against USD 238 million a year ago. Net income was USD 60 million against loss of USD 77 million a year ago. CAPEX was USD 110 million against USD 293 million a year ago. The quarter to quarter change is mainly due to a seasonal lower level of establishment of plantations, while the year over year decrease relates to a decline in Guaíba II disbursements. Net debt was USD 3,519 million as of March 31, 2016 against USD 3,494 million as of March 31, 2015. Net cash flows from operating activities was USD 200 million against USD 206 million a year ago.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.
EMPRESAS CMPC S.A. 
